During the first full week of 20-, the Payroll Department of Quigley Corporation is preparing the Forms W-2 for distribution to its employees along with their payroll checks on January 10. In this problem, you will complete six of the forms in order to gain some experience in recording the different kinds of information required. Assume each employee earned the same woekly salary for each of the 52 paydays in 20-- (the previous year). Using the following Information obtained from the personnel and payroll records of the firm, complete Copy of the four Forms W-2 reproduced below. On the second half of the problem (PR.04.13A.PART2) you will complete the other two W-2s and the W-3. The form is to be signed by the president Kenneth T. Ford, and is prepared by Ralph I. Volpe. Company Information: Pennsylvania state identification number: 00-0-1066 Address: 4800 River Road Philadelphia, PA 19113-5548 Telephone number: (215) 555-0017 Fax number: (215) 555-0010 Federal identification number: 00-0000972 0001895 Philadelphia identification number: Income Tax Information: The wage-bracket method is used to determine federal income tax withholding. Calculate the annual federal income tax withheld by using the weekly wage bracket table and multiply the answer by 52. The other taxes withheld are shown below. Employee Data Payroll Data Annual Taxes Withheld See example of Kelly B. Roach's completed Form W-2 below. Kelly B. Roach Single inprogress=false Social security tax withheld Medicare tax withheld 54 Gradison Place $715 per week vo $2,305.16 539.24 1,141.40 1,439.36 Philadelphia, PA 19113.4054 SS#: 000-00-4310 State income tax withheld Deduction for 401(k) plan: $50/week Local income tax withheld 22.36 Ralph L. Volpe 2,530.B4 Married filing jointly $785 per week 56 Andrews Court, Apt. 7 591.76 Philadelphia, PA 19103-3356 1,253,20 1,580.28 SS#: 000-00-8804 Dependent care payment: $950 $70/week-401(k) Single $885 per week 24.44 Randi A. Myer 2,853.24 667.16 770 Camac Street State unemployment tax withheld" Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld State unemployment tax withheld Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld State unemployment tax withheld Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld Philadelphia, PA 19101-3770 SS#: 000-00-3316 1,412.84 1,781.52 Union dues withheld: $102 27.56 4,368.69 Kenneth T. Ford 1,021.97 338 North Side Avenue Married filing jointly $1,350 per week SS#: 000-00-6839 Cost of group-term life insurance 2,155.40 Philadelphia, PA 19130-6638 2,717.52 42.12 State unemployment tax withheld" exceeding $50.000: $262.75 KUASSignment/takeAssignmentMain.do?invoker-StakeAssignmentSessionLocator Sinprogress-false Chrissy C. Carman Married filing jointly Social security tax withheld 4900 Gladwynne Terrace 2,643.68 $820 per week Medicare tax withheld 618.28 Philadelphia, PA 19127-0049 SS:000-00-5771 State income tax withheld 1,308.84 Union dues withheld: $102 Local income tax withheld 1,650.48 State unemployment tax withheld 25.48 Hal B. Zuber Single Social security tax withheld 2,546.96 480-A Hopkinson Tower $790 per week Medicare tax withheld 595.92 Philadelphia, PA 19101-3301 SS#: 000-00-8703 State income tax withheld 1,261,00 Educational assistance payments Local income tax withheld 1,590.16 Gob-required): $675 State unemployment tax withheld" $50/week--401(k) *The cost of excess group-term life insurance is added to gross wages for federal income tax, Social Security, and Medicare. Employers withhold ASDI and HI tax on these amounts but are not required to withhold federal income tax. The cost is not added to gross wages for state and local taxes; therefore, it is not subject to those taxes (See Figure 4.8). ***State unemployment tax withheld for Pennsylvania labeled as PA SUI on Form W-2 Box 14. fan amount box does not require an entry, leave it blank. Round your calculations and final answers to the nearest cent. You must enter in the hyphens in the social security numbers, employer identification number, etc. s we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available or publication. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later ith Standard Withholding and 2020 FICA rates have been used. 24.44 During the first full week of 20-, the Payroll Department of Quigley Corporation is preparing the Forms W-2 for distribution to its employees along with their payroll checks on January 10. In this problem, you will complete six of the forms in order to gain some experience in recording the different kinds of information required. Assume each employee earned the same woekly salary for each of the 52 paydays in 20-- (the previous year). Using the following Information obtained from the personnel and payroll records of the firm, complete Copy of the four Forms W-2 reproduced below. On the second half of the problem (PR.04.13A.PART2) you will complete the other two W-2s and the W-3. The form is to be signed by the president Kenneth T. Ford, and is prepared by Ralph I. Volpe. Company Information: Pennsylvania state identification number: 00-0-1066 Address: 4800 River Road Philadelphia, PA 19113-5548 Telephone number: (215) 555-0017 Fax number: (215) 555-0010 Federal identification number: 00-0000972 0001895 Philadelphia identification number: Income Tax Information: The wage-bracket method is used to determine federal income tax withholding. Calculate the annual federal income tax withheld by using the weekly wage bracket table and multiply the answer by 52. The other taxes withheld are shown below. Employee Data Payroll Data Annual Taxes Withheld See example of Kelly B. Roach's completed Form W-2 below. Kelly B. Roach Single inprogress=false Social security tax withheld Medicare tax withheld 54 Gradison Place $715 per week vo $2,305.16 539.24 1,141.40 1,439.36 Philadelphia, PA 19113.4054 SS#: 000-00-4310 State income tax withheld Deduction for 401(k) plan: $50/week Local income tax withheld 22.36 Ralph L. Volpe 2,530.B4 Married filing jointly $785 per week 56 Andrews Court, Apt. 7 591.76 Philadelphia, PA 19103-3356 1,253,20 1,580.28 SS#: 000-00-8804 Dependent care payment: $950 $70/week-401(k) Single $885 per week 24.44 Randi A. Myer 2,853.24 667.16 770 Camac Street State unemployment tax withheld" Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld State unemployment tax withheld Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld State unemployment tax withheld Social security tax withheld Medicare tax withheld State income tax withheld Local income tax withheld Philadelphia, PA 19101-3770 SS#: 000-00-3316 1,412.84 1,781.52 Union dues withheld: $102 27.56 4,368.69 Kenneth T. Ford 1,021.97 338 North Side Avenue Married filing jointly $1,350 per week SS#: 000-00-6839 Cost of group-term life insurance 2,155.40 Philadelphia, PA 19130-6638 2,717.52 42.12 State unemployment tax withheld" exceeding $50.000: $262.75 KUASSignment/takeAssignmentMain.do?invoker-StakeAssignmentSessionLocator Sinprogress-false Chrissy C. Carman Married filing jointly Social security tax withheld 4900 Gladwynne Terrace 2,643.68 $820 per week Medicare tax withheld 618.28 Philadelphia, PA 19127-0049 SS:000-00-5771 State income tax withheld 1,308.84 Union dues withheld: $102 Local income tax withheld 1,650.48 State unemployment tax withheld 25.48 Hal B. Zuber Single Social security tax withheld 2,546.96 480-A Hopkinson Tower $790 per week Medicare tax withheld 595.92 Philadelphia, PA 19101-3301 SS#: 000-00-8703 State income tax withheld 1,261,00 Educational assistance payments Local income tax withheld 1,590.16 Gob-required): $675 State unemployment tax withheld" $50/week--401(k) *The cost of excess group-term life insurance is added to gross wages for federal income tax, Social Security, and Medicare. Employers withhold ASDI and HI tax on these amounts but are not required to withhold federal income tax. The cost is not added to gross wages for state and local taxes; therefore, it is not subject to those taxes (See Figure 4.8). ***State unemployment tax withheld for Pennsylvania labeled as PA SUI on Form W-2 Box 14. fan amount box does not require an entry, leave it blank. Round your calculations and final answers to the nearest cent. You must enter in the hyphens in the social security numbers, employer identification number, etc. s we go to press, the federal income tax rates for 2021 are being determined by budget talks in Washington and not available or publication. For this edition, the 2020 federal income tax tables for Manual Systems with Forms W-4 from 2020 or later ith Standard Withholding and 2020 FICA rates have been used. 24.44